#Invest With Policy Karlo..
One-stop destination for all your online insurance and financial needs.
Investment insurance plan, as the name suggests, acts like an investment tool and provides you insurance coverage side by side. A part of the premium paid by you is utilized by the insurance company to provide investment opportunities in the life cover and the rest of the amount is invested in the instruments that are chosen by you. You can target long term goals or focus on short term investment plans depending upon personal reason for investment. Not only you get the security that your funds are safe and they are growing but you also get the most-needed protection which gives you the sense of relief that your dependents will be provided with the financial support that you are looking for them after you.
Unit Linked Insurance Plans or ULIPs
Traditional endowment plans
Plans with zero commissions and lowest charges in the market
Under Section 10(10D) of the Income Tax Act in India, the maturity benefits offered by Invest policies are eligible for tax benefits and under Section 80C, the premiums paid on Investment policy also get tax deductions.
Being financially independent, especially post-employment is important. Working hard towards meeting the financial and aspirational goals of your family is great, but you need to set aside funds for life during retirement.
Why let money lie idle when you invest it? Choosing a smart ULIP plan (based on your risk appetite) offers the dual benefit of an investment and an insurance policy - the best way to grow your money.
The best investment plan offers the policyholder both life cover plus the added advantage of saving money.
It is very important for every parent to plan for their children's future in time. They want their dreams to be nurtured fruitfully even if we're not around
These are Traditional form of life insurance plans. Under an endowment plan, the insured receives a lump sum after a specified maturity period or on earlier death.
In such plans the maturity amount is confirmed at the time of taking policy hence there is no uncertainty left on market conditions or quantum of bonus declare by the company.
Age Proof --> Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.(Any one)
Identity Proof --> Driving License, Passport, Voter ID, PAN Card, Aadhar Card, which proves ones citizenship
Address Proof --> Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, should clearly mention the permanent address
Income Proof --> income proof specifying the income of the person buying the insurance
Proposal Form --> duly filled in proposal form is required
Medical Tests --> Some companies may require medical check-up in order to make sure that the insured does not suffer from any chronic illness.
lower but secure returns - ideal for investor is looking for safeguarding their assets and looking for stable growth of their money
The single premium Plans are lower premium as the paperwork and other administrative charges are less. Whereas, Regular premiums are better for younger people who are just starting out on their careers and do not have much savings.
These plans allocate assets according to the investor’s age. Those in their 20s or 30s are given adequate equity exposure as they can better manage the risk.
If savings, we need to look at ULIP with a guaranteed return possibility
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